Settings8H · net · $10k
Funding arb · Price arb /

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against OKX−0.188%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$192as in the Price arb table
costs, in and out, $10k−$1671.673% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 7 days+0.146%+$15 · spread now −0.188%, 7d avg +0.059%
Together, before fees+0.104%+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.247% cheaper against OKX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.059%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ALGO-USDT-SWAP0.11170.0100pay 0.0100% / 8h5h 51m$2.9M$7.7M50x
ShortKuCoin ALGOUSDTM0.11150.0100get 0.0100% / 8h5h 51m$3.5M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.188% → +0.059%
−$24.74
Slippage, 4 orders
−$145.27
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$192.01
Costs to cover
1.673%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago1.79 bp15.8 bp −$1663.9 bp −$639doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago8.12 bp62.8 bp −$63249.5 bp −$2,495doesn't fitdoesn't fit

ALGO on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.0288%1h0.1114−0.295%$101K$49K25xas long as short
gTrade (Gains Network) ALGO/USDL −0.0001% / S +0.0003%1h0.1115−0.188%$16K150xas long as short
Coinbase International ALGO-PERP-INTX+0.0032%1h0.1114−0.313%$70K$270K50xas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.260%$834$233K12xas long as short
Variational Omni ALGO+0.0076%8h0.1114−0.281%$60K$12Kas long as short
Aster ALGOUSDT+0.0100%8h0.1115−0.195%$44K$41K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1116−0.089%$9.8M$34.4M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1116−0.090%$11.5M$12.2M75xas long as short
OKX ALGO-USDT-SWAPlong+0.0100%8h0.1117long leg$2.9M$7.7M50x
Gate ALGO_USDT+0.0100%8h0.1114−0.286%$872K$847K50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ALGO_USDT+0.0100%8h0.1115−0.188%$22.8M$3.0M200xas long as short
KuCoin ALGOUSDTMshort+0.0100%8h0.1115−0.188%$3.5M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1116−0.098%$5.6M$3.5M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1115−0.170%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1115−0.206%$60K$140K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1117−0.009%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1115−0.225%$4K$229K10xas long as short
Hyperliquid ALGO+0.0118%1h0.1117+0.004%$3.7M$2.0M5xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0342% / S −0.0313%1h0.1115−0.224%$7K100xas long as short
Kraken Futures PF_ALGOUSD+0.0354%1h0.1115−0.220%$825K$1.1M50xas long as short
dYdX ALGO-USD+0.2127%1h0.1115−0.210%$161K$4K5xas long as short